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First Round Capital invests in #waywire, Newark Mayor Cory Booker’s new interactive media startup [VIDEO]

Newark’s seemingly superhuman mayor Cory Booker can now add tech startup advisor to his resume, Fast Company reports. He’s working on a video site called #waywire that he hopes will give young people a voice. Josh Kopelman’s First Round Capital was named as one of the investors in the startup’s $1.75 million seed round, along […]

Newark’s seemingly superhuman mayor Cory Booker can now add tech startup advisor to his resume, Fast Company reports.

He’s working on a video site called #waywire that he hopes will give young people a voice. Josh Kopelman’s First Round Capital was named as one of the investors in the startup’s $1.75 million seed round, along with Innovation Endeavors and Lady Gaga manager Troy Carter.

Here’s the scoop on the site, which is slated to launch later this summer:

The site will give users the ability to publish their own videos, to create their own streams (their own “wires,” as it were), and publish those out to their social networks. (Think of it as a partially user-generated Funny or Die, but for news and social issues, with Pinterest/Twitter-style social dynamics.)

“We created a platform–a new social stream–for consuming information and ideas,” Booker says. “But also for individuals to engage in that information and to participate in a more significant way.” [more]

http://www.youtube.com/v/JYP_kePE1jk?version=3&hl=en_US&rel=0

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